$239,900
$10K PRICE DROP

Estimated payment $1,569/month

Total Views 8,841
5 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Public Water Access
  • Interior Lot
  • Forced Air Heating System
  • City View
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

Well-maintained tri-plex close to downtown Rapid City, new roof and siding in 2020, new electrical meters to all three units and individual gas meters to all units, lots of off-street parking for the tenants, rents are under market and should be adjusted and a water fee should be applied, landlord replaced some windows and decking in 2023 so maintenance expenses were higher than usual, Lots of upside for the right owner. no on street parking the parking is off the alley behind the tri-plex

Listing Agent

John Roberts

THE REAL ESTATE GROUP, INC. Listed on: 03/10/2025

Co-Listing Agent

Nicolas Quettier

THE REAL ESTATE GROUP, INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • Private Entrance
  • Interior Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame

Interior Spaces

  • 2.5-Story Property
  • City Views
  • Fire and Smoke Detector
  • Finished Basement

Outdoor Features

  • Public Water Access

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Public Septic

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 3 Units
  • North Rapid Add Subdivision

Building Details

  • Insurance Expense $1,908
  • Maintenance Expense $5,977
  • Other Expense $1,592
  • Professional Management Expense $3,158
  • Water Sewer Expense $2,354
  • Gross Income $28,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Style: 2.5 Story
  • Lvt Date: 03/10/2025
  • View: City
  • Year Built: 1954
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Pet Restrictions, Central Water Heater
  • Agent Only_ L A1 User Code: 1333
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Metal/Vinyl
  • Foundation: Basement, Poured Concrete
  • Roof: Composition

Utilities

  • Air Conditioner: Electric, Window
  • Heating: Electric, Forced Air, Gas, Baseboard
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 1908
  • Maintenance Expense: 5977
  • Total Expenses: 14989
  • Management Expense: 3158
  • Other Expense: 1592
  • Water Sewer Expenses: 2354

Lot Info

  • Lot Size: .16
  • Lot Type: Flat, Interior
  • Zoning: Non-conforming

Rental Info

  • Type of Tenancy: Month to Month, 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Tenant

Tax Info

  • Year: 2024
  • Taxes: $2,967.38

Multi Family

  • Number Of Units: 3
  • Vacancy Rate: 0 - 5%
  • Unit Features: Finished Basement

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $239,900 -4.0% --
03/10/2025 03/10/25 For Sale $249,900 +47.0% --
02/03/2021 02/03/21 Sold $170,000 -10.5% $101 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $189,900 -- $113 / Sq Ft
Source: Black Hills Association of REALTORS®

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Source: Black Hills Association of REALTORS®

MLS Number: 172649

Black Hills Association of REALTORS®